Discussion in 'Domain Appraisals' started by StudioVision, Oct 12, 2020.
You should have taken that. The domain isn't worth 5 figures. Not as a .uk only.
The fact that I got offered 5 figures surely means it's worth 5 figures by definition? And when developed, with income, it's definitely worth that.
Why did you turn down the offer out of curiosity?
Don't need the cash
I believe higher offers will be made - I've owned it less than a week
It'll make £xx,xxx/year when developed
That assuming you actually did get a valid offer; which may not be the case. If it was a real and valid offer, they were overpaying, that's why I said you should take the offer.
The whole thing of a domain being worth something when developed is a bit of a mute point as that's the case for all domains. Doesn't matter if it's Mayfairdirectory.co.uk or mayfairlistings.co.uk or mayfair.uk - They would all be considered 5 figures if developed and generating 5 figures a year revenue... but they don't.
Basically, without sounding rude, I feel the 5 figure offer isn't true or real.
You're well within your rights to think that, and as entitled to your opinion as anyone else - it's just wrong in this case. I've stated countless times that it's not for sale, so why would I make that up?
If it's not for sale, getting it appraised seems a bit pointless.
Regardless, I feel that you expected it to be worth a lot and not had the responses you expected.
.UK domains selling to an end-user level just don't have much value. Nothing really do to with the domain itself; just the market. End users aren't building sites out on .uk extensions for whatever reason.
Because of the .uk - I believe it fits better with it being a geo. The .co.uk when compared to the .uk, in general, would command more value regardless of the domain.
Like I said, I've had an £xx,xxx cash + domains offer, and there's a pre-bid of £1,500 on DomainLore. Not sure what I expected it to be worth, hence the appraisal request, but it's cost me £3.90 so...
It doesn't need to be an end user to be a big offer - the 5 figure deal wasn't from an end user. For a more public example, look at healthcare.uk
Uber.com was sold by Universal Music to UberCab as it was called at that time for a 2% stake. At a later fundraising round Universal cashed out for just under £1million but contract specifics of the deal remain undisclosed. Had Universal held onto its 2% stake until IPO it would have been worth over $500million which would have made Uber.com ultimately the highest value domain sale ever recorded or at least in the top 5. Something that I doubt the first person who registered it would have ever conceived even possible.
Just another nugget to illustrate the future of any given domain name is for the most part unknowable imho due to myriad factors. There are 7star diamond-encrusted domain names doing 2 star tired and rusty levels of business and revenue relative to their potential and there are 2star domain names doing 7 Star jewel-encrusted levels of revenue. Mayfair.uk has a helluva lot of Kudos value. Game monopoly must offer significant value of annual free awareness and publicity for the word Mayfair on top of all the other reasons it's so well known.
"but it's cost me £3.90 so"
I think that's what they call a mic drop moment.
Without sounding rude, your posts are coming across as very jealous. Just make him a true offer and get it over and done with
What would I have to be jealous about? Been opportunities to pick this up for dirty cheap, like everyone else that didn't want it. I've GEO domains coming out of my backside that I need to get round to building. Don't need another to sit there doing nothing for a year.
For a .UK geo like this you would be better off spending a fiver on something like DiscoverMayfair.co.uk and spending 10k on SEO. (If the domain was actually worth 10k alone.) As SEO tends to be the hardest part of the puzzle with GEOs.
Don't get me wrong, it's a decent name though!
If someone was offering 5 figures from a wholesale approach, there's something not quite aligning there.
healthcare.uk is an outlier at present.
Virtually all .UK domains at the moment are being purchased by people hoping for future value and buying lottery tickets by doing it. There's virtually no end users buying them.
You have me here; there's no way I can prove it, and I highly doubt the entity that made the offer will come here and give up their anonymity to ease your suspicions, so I guess you'll just have to believe I'm not telling the truth.
That may be the case, but it's proof that it does happen.
I agree - but with the offers I've had so far, I'm definitely willing to hold onto this one in the hope of future value. The fact that Mayfair is such an affluent area, the Monopoly connection, the insane property prices, the type(s) of people/businesses that would be interested in the area etc all point to this being worth holding onto for the sake of a renewal fee every year.
Did you reg all your RoR .uk Geo's? Are you aware of any of your prime .co.uk's where the corresponding .uk GEO's remain unregistered? Perhaps you feel burdened by your prime .uk GEO's and wish to quietly unload wherein I'm offering a safe and loving new home for them at no cost to you. If so kindly PM me.
If you have a premium .co.uk GEO, having the corresponding .uk mainly holds a different type of non-monetary value.
I think geo.uk offers something more than geo.co.uk. Has a lot to potentially offer in terms of international customers either for Travel, Tourism, or even business purposes. It's a longer bet for sure but .uk from a British point of view could be just as important as a UK based British themed .com
So for example Mayfair.com and Mayfair.uk for me both do the same job overseas if you can rank that is. It's literally .com kudos vs UK kudos and both are significant. I'd take either over Mayfair.co.uk for development purposes. If idea was to sell as fast as possible then yeah it would be .com, then .co.uk then .uk.
the .uk suffix evokes a lot of confidence about the UK itself in all aspects, economically, socially, culturally, historically, innovation, technology, and so on. Plus post Brexit factors are favourable to .uk and that's eventually going to be a powerful message when people get used to seeing it hence the enthusiasm for .uk domains especially at this pricing and availability. Still can't fathom why you don't like them given you stand to so greatly benefit if you have the GEO's in both suffixes.
I don't dislike them in general. Like you say, I would actually benefit if they did become really valuable. It's just that I look at the market and base my thoughts on that.
The simple fact is that for many, many years, there has been virtually no interest in the extension. No-one has wanted them and there's nothing at present that would make people want them. If you removed all the auto-registrations, the .UK extension would be in a dire place.
I really like the .uk extension and it looks good in this instance, but Trauiner does have a point about the lack of .uk domains getting built out.
I did a search on google for just .uk searching on various valuable keywords, one keyword at a time. Not a lot there yet, to be fair.
Trauiner is right, more .uk domains need to be built out.
Completely agree, and I think geos suit the extension perfectly (if they're places in the UK )
Not a lot of electric cars out on the streets either (considering the huge overall fleet numbers), but that doesn't mean my next car isn't going to be electric.
Change doesn't happen overnight
Separate names with a comma.